- Company News
During the first nine months of 2016, Injazzat profits amounted to KWD 2.65 million (7.9 fils per share) from KWD 2.88 million (8.6 fils per share) in the same period a year ago. Injazzat Real Estate Development achieved a growth of 43.7% in profits during the third quarter of 2016 compared to the same period in 2015. Earnings amounted to KWD 5,26.9 thousand (1.56 fils per share) in Q3-16 compared with KWD 3,66.7 thousand (1.1 fils per share) in Q3-15.
Injazzat Real Estate Development Company K.S.C.P, is pleased to announce that the General Assembly meeting that was held on May 2nd 2016, was to re-elects new Board Members for the upcoming three years as the following: Mr. Faisal Al Fahad Shaya Chairman Mr. Mohammad Abdul Hameed Al Marzook Vice Chairman Mr. Mohammad Ibrahim Al Farhan Board Member / CEO Hamad Emad Al Sager Board Member Mr. Ayman Abdullatef Al Shayaa Board Member Ms. Wafa Haider Al Shehabi ( Representative for Al Shal Investment) Board Member Mr. Isa Ahmad Khalaf ( Repetitive for Al Shayaa Untied L.T.D) Board Member
Injazzat Real Estate Development Company held its Ordinary and Extraordinary General Assembly on March 9th 2016. The company achieved a net profit of KD 3.1 Million with earnings per share of 9.2 fils. The company assets are KD 98 Million and loans KD 36 Million. The assembly listened and approved the auditor’s report and financial statements for the fiscal year. They also approved the recommendations of the board to distribute a cash dividend of 5% (5 fils pershare) distributions to the registered shareholder.